More on the market and update on reports this week

 

MBS  Par @ 100.26             10 Yr Treasury -3/32 @ 2.5800              Dow -41 @ 15,517

 

MBS have moved lower this morning ahead of today's housing data. The biggest event this week will be Wednesday's Fed announcement. The Pending home sales index for June fell 0.4% month-over-month. This was better than expectations for a 1% fall. For the year, pending home sales were up 9.1%, beating expectations for an 8.3% rise.

Top of Form Treasuries
29-Jul-13 Last Change 3-Month T-Bill 0.02% 0.00% 6-Month T-Bill 0.06% 0.00% 1-Year T-Bill 0.11% 0.00% 2-Year Note 0.32% 0.00% 3-Year Note 0.59% 0.00% 5-Year Note 1.38% 0.01% 10-Year Note 2.59% 0.02% 30-Year Bond 3.65% 0.02%

 

Top of Form Major Indices
29-Jul-13 Last Change 11th District COFI 0.951% -0.019% 1-Month LIBOR 0.190% 0.004% 6-Month LIBOR 0.396% 0.000% 12-Month LIBOR 0.673% -0.001% MTA Index 0.159% -0.004% Prime Rate 3.25% 0.00% Federal Funds Rate 0.25% 0.00% Discount Rate 0.75% 0.00%

 

Top of Form Mortgage Rates
29-Jul-13 Last Change 15-Year Fixed Freddie 3.39% -0.02% 30-Year Fixed Freddie 4.31% -0.06% 1-Year ARM Freddie 2.65% -0.01% 5/1-Year ARM Freddie 3.16% -0.01%

 

 

 

APOR (Changes Mondays)

30 Yr Fixed-  4.38%

15 Yr Fixed- 3.51%

5/1 ARM -      3.01%

7/1 ARM   -    3.32%

10/1-ARM -  3.84%

 

 

ECONOMIC CALENDAR

 

Event	Actual	Cons.	Previous
Jul 29	Pending Home Sales (MoM) (Jun)	-0.4%	-0.1%	5.8%Revised from 6.7%
	Pending Home Sales (YoY) (Jun)	10.9%	11.5%	12.1%Revised from 111.3%
	Dallas Fed Manufacturing Business Index (Jul)	4.4	7.3	6.5
	Loan Officer Survey
	3-Month Bill Auction			0.035%
	6-Month Bill Auction			0.07%
Jul 30	Redbook index (MoM) (Jul 21)			0.9%
	Redbook index (YoY) (Jul 21)			3.3%
	S&P/Case-Shiller Home Price Indices (YoY) (May)		12.5%	12.1%
	Consumer Confidence (Jul)		81.5	81.4
Jul 31	MBA Mortgage Applications (Jul 26)			-1.2%
	ADP Employment Change (Jul)		182K	188K
	Core Personal Consumption Expenditures (QoQ) (Q2)			1.3%
	Employment cost index (Q2)		0.4%	0.5%
	Gross Domestic Product Price Index (Q2) Preliminar		1.0%	1.3%
	Gross Domestic Product Annualized (Q2) Preliminar		1.2%	1.8%
	Personal Consumption Expenditures Prices (QoQ) (Q2)			1%
	Chicago Purchasing Managers' Index (Jul)		54.0	51.6
	EIA Crude Oil Stocks change (Jul 26)			-2.825M
	Fed Interest Rate Decision		0.25%	0.25%
	Fed's Monetary Policy Statement and press conference
Aug 01	Challenger Job Cuts (YoY) (Jul)			39.372K
	Initial Jobless Claims (Jul 26)		346K	343K
	Continuing Jobless Claims (Jul 20)		3.000M	2.997M
	Markit Manufacturing PMI (Jul)		53.1
	Construction Spending (MoM) (Jun)		0.4%	0.5%
	ISM Manufacturing PMI (Jul)		51.5	50.9
	ISM Prices Paid (Jul)		53.8	52.5
	EIA Natural Gas Storage change (Jul 26)			41B
	Total Vehicle Sales (Jul)		15.70M	15.89M
Aug 02	Average Hourly Earnings (MoM) (Jul)		0.2%	0.4%
	Average Hourly Earnings (YoY) (Jul)		2.2%	2.2%
	Average Weekly Hours (Jul)		34.5	34.5
	Nonfarm Payrolls (Jul)		184K	195K
	Personal Income (MoM) (Jun)		0.5%	0.5%
	Core Personal Consumption Expenditure - Price Index (MoM) (Jun)		0.2%	0.1%
	Core Personal Consumption Expenditure - Price Index (YoY) (Jun)		1.1%	1.1%
	Personal Consumption Expenditures - Price Index (YoY) (Jun)		1.3%	1.0%
	Personal Spending (Jun)		0.5%	0.3%
	Unemployment Rate (Jul)		7.5%	7.6%
	Personal Consumption Expenditures - Price Index (MoM) (Jun)		0.4%	0.1%
	ISM New York index			47
	Factory Orders (MoM) (Jun)		2.3%	2.1%
	Fed's Bullard speech